Option Care Health Inc (OPCH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 981,223 | 866,918 | 779,606 | 682,264 | 512,999 |
| Revenue | US$ in thousands | 4,251,080 | 3,890,930 | 3,358,250 | 2,913,300 | 2,305,570 |
| Gross profit margin | 23.08% | 22.28% | 23.21% | 23.42% | 22.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $981,223K ÷ $4,251,080K
= 23.08%
Option Care Health Inc. has maintained fairly consistent gross profit margins over the past five years, with values ranging from 21.98% to 22.81%. This indicates that the company has been effective in managing its production and distribution costs relative to its revenue during this period. The slight fluctuations in the gross profit margin suggest that Option Care Health Inc. has been able to maintain a stable level of profitability despite potential changes in cost structures or pricing strategies. Overall, the sustained gross profit margin around the 22% range reflects a relatively stable and efficient operational performance in terms of generating profits from its core business activities.
Peer comparison
Dec 31, 2023